WINTON GROUP Ltd Purchases Shares of 249,414 Terex Co. (TEX)

WINTON GROUP Ltd purchased a new position in shares of Terex Co. (NYSE:TEX) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 249,414 shares of the industrial products company’s stock, valued at approximately $9,954,000. WINTON GROUP Ltd owned about 0.34% of Terex as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC raised its stake in Terex by 559.4% in the 3rd quarter. Fisher Asset Management LLC now owns 2,196,079 shares of the industrial products company’s stock valued at $87,646,000 after purchasing an additional 1,863,038 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd raised its stake in Terex by 640.1% in the 3rd quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,529,116 shares of the industrial products company’s stock valued at $61,027,000 after purchasing an additional 1,322,504 shares during the last quarter. Fort Washington Investment Advisors Inc. OH acquired a new position in Terex in the 2nd quarter valued at about $16,876,000. Bank of Montreal Can raised its stake in Terex by 836.0% in the 2nd quarter. Bank of Montreal Can now owns 405,341 shares of the industrial products company’s stock valued at $17,101,000 after purchasing an additional 362,037 shares during the last quarter. Finally, First Trust Advisors LP acquired a new position in Terex in the 3rd quarter valued at about $12,088,000. 98.74% of the stock is owned by institutional investors and hedge funds.

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TEX opened at $30.39 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.22 and a quick ratio of 1.19. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 22.51, a price-to-earnings-growth ratio of 0.61 and a beta of 1.61. Terex Co. has a 12 month low of $28.64 and a 12 month high of $50.17.

Terex (NYSE:TEX) last posted its quarterly earnings results on Thursday, November 1st. The industrial products company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.07). The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Terex had a net margin of 2.42% and a return on equity of 18.86%. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.50 EPS. As a group, sell-side analysts forecast that Terex Co. will post 2.65 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 19th. Shareholders of record on Friday, November 9th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.32%. The ex-dividend date is Thursday, November 8th. Terex’s dividend payout ratio (DPR) is 29.63%.

In other news, insider Kevin A. Barr sold 10,000 shares of the business’s stock in a transaction dated Tuesday, August 28th. The stock was sold at an average price of $39.65, for a total transaction of $396,500.00. Following the completion of the sale, the insider now owns 113,908 shares in the company, valued at approximately $4,516,452.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steve Filipov sold 6,929 shares of the business’s stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $38.85, for a total value of $269,191.65. The disclosure for this sale can be found here. In the last quarter, insiders have bought 973 shares of company stock valued at $37,603 and have sold 38,866 shares valued at $1,514,531. 3.50% of the stock is currently owned by insiders.

Several research analysts recently weighed in on TEX shares. UBS Group set a $52.00 target price on shares of Terex and gave the company a “buy” rating in a research note on Wednesday, August 22nd. Zacks Investment Research raised shares of Terex from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research note on Tuesday, July 17th. Seaport Global Securities set a $49.00 target price on shares of Terex and gave the company a “buy” rating in a research note on Friday, July 13th. TheStreet downgraded shares of Terex from a “b” rating to a “c+” rating in a research note on Friday, November 2nd. Finally, ValuEngine downgraded shares of Terex from a “buy” rating to a “hold” rating in a research note on Monday, July 30th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $41.75.

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Terex Profile

Terex Corporation manufactures and sells aerial work platforms, cranes, and materials processing machinery worldwide. The company operates through three segments: Aerial Work Platforms (AWP), Cranes, and Material Processing (MP). The AWP segment engages in the design, manufacture, service, and market of AWP equipment, telehandlers, and light towers, as well as related components and replacement parts under the Terex and Genie brands to construct and maintain industrial, commercial, and residential buildings and facilities, and for other commercial operations, as well as used in infrastructure projects.